Gold price forecasts: ups and downs scenarios in the new year
Gold ended its weekly trading near the level of $4,200 per ounce. Although many of them turned to selling and making profits, The US dollar, while investors and central banks worked to increase their allocations of gold, seeking diversification and stability.
The current situation of gold
Traders are currently anticipating an imminent cut in interest rates by the Federal Reserve (the US central bank) between December 9-10, which will be considered a new catalyst for a rise in gold prices, according to Sonny Kumari, a commodity strategist at the Bank of America. "ANZ" Australian.
Kumari added that any decline towards $4,000 is likely to attract new buyers, given the strong fundamental support for gold in the current period.
Meanwhile, the World Gold Council said that investment demand, especially through gold ETFs, will remain a major driver, offsetting weakness in other areas such as jewelry or technology.
Gold price forecasts in 2026
The World Gold Council explained in its report that there is A number of factors such as reducing Interest rates, rising geopolitical tensions, and a marked move toward safe havens should create strong tailwinds to support gold prices. In this scenario, the price of gold may rise by 15-30% in 2026 from its current levels.
However, the World Gold Council indicated that the opposite scenario, which includes accelerating economic growth and a decline in political tensions, may lead to monetary tightening and support the strength of the US dollar, which will lead gold to decline.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
